Here's Why Super Micro Computer Stock Fell Again Monday

Management at Super Micro Computer (NASDAQ: SMCI) gave investors a much-anticipated business update last week that did not appease investor concerns. And the company faces yet another major hurdle this week.Concerns about an upcoming deadline as well as fears of lost business opportunities have the stock sliding today. As of 10:40 a.m. ET, Supermicro shares were starting off the week down by 11.1%. That brings the monthly drop in the stock to about 53%.Supermicro provides server stacks and cooling systems for data center computers. Its business had been ramping up quickly with surging revenue as demand for artificial intelligence (AI) computing accelerated data center growth. But after a short-seller report and the company delaying the release of its 10-K annual report, investors had to question the legitimacy of the company's prior financial results.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool